Queensland Consolidated Acts Queensland Consolidated Acts(1) The Commonwealth has ratified the 'Convention on Biological Diversity', the objects of which are--
(a) the conservation of biological diversity; and
(b) the sustainable use of its components; and
(c) the fair and equitable sharing of benefits arising from the use of genetic resources.
(2) The convention requires countries to develop and implement strategies for the conservation of biological diversity and the sustainable use of its components.
(3) Article 15 of the convention recognises the sovereign rights of the States over their natural resources and the States' authority to decide access to genetic resources, including the fair and equitable sharing of benefits gained from the access.
(4) This Act enacts, as part of Queensland's law, provisions to give effect to Article 15 of the convention to the extent it concerns native biological resources in Queensland.
(5) In this section--
Convention on Biological Diversity means the convention--
(a) opened for signature on 5 June 1992 at the United Nations Conference on Environment and Development (the Rio de Janeiro 'Earth Summit'); and
(b) entered into force on 29 December 1993.